Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$211,101$211,101$350,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$138,999$0
Funding fee$1,056$1,056$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.828%7.640%
1st payment$986.59$986.59$2,424.02
2nd payment$0.00$926.66$0.00
Taxes / mo$119.50$119.50$119.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,256.09$2,182.75$2,763.54
Cash to close$177,899$38,900$38,900